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Coinone exec admits to ‘facts’ prosecutors shared in South Korea corruption trial

Major exchange Coinone’s former listing director is accused of taking over $1 million in bribes for questionable tokens like ‘Furiever Coin.’

South Korean crypto scandal prompts Upbit and Bithumb raids

Cryptocurrency exchanges Upbit and Bithumb were raided on Monday as part of an investigation into a politician who held $4.5M wemix coins.

Charges of securities violation against Terraform Labs co-founder Daniel Shin have been dismissed on the grounds that luna wasn’t a security.

Terra founder Do Kwon sent top law firm Kim & Chang $3 million that authorities hope to seize and use against him in their fraud case.

According to a former Bithumb executive, the exchange has been aggressively listing shady kimchi coins “for a while.”